Company lists · Data refreshed September 2026

Top 25 Formulation development companies based in India

Name: Formulation development companies based in India
Creator: RevenueBase
License: https://creativecommons.org/licenses/by/4.0/

Compiled by the RevenueBase Data Team Data refreshed Sep 19, 2026 1,204 companies tracked

RevenueBase identified 1,204 formulation development companies headquartered in India as of September 2026 and tracks 120,946 professional contacts across them, including 11,624 with verified work emails. Hyderabad is the largest hub.

This list covers formulation development companies headquartered in India, matched on what each company actually does as described in its own words. Ranked by team size, largest first. Every row shows the company's own description, its RevenueBase Smart Search rating, and when it was last checked. Data refreshed September 19, 2026.

Published by RevenueBase, a B2B data infrastructure company. This list was built with RevenueBase Smart Search, the natural-language company search RevenueBase customers use to build their own targeted lists and unlock verified emails and direct dials at the companies on them. How these lists are built and judged.

How to read this list HQ checked on every row RevenueBase Smart Search rating on every row Refreshed Sep 19, 2026 86% judged on-target in blind review

1,204Companies

120,946Contacts tracked

11,624Verified emails

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The 25 largest formulation development companies based in India

Ranked by team size

Top 25 of 1,204 formulation development companies based in India, ranked by team size, largest first. Data refreshed Sep 19, 2026. RevenueBase Smart Search rates how each company's information relates to formulation development companies: strong evidence (its own description names it), partial (names part of it), indirect (matched on the rest of its profile rather than the description shown). Click a contact count to view that company's people.
#	Company	RevenueBase Smart Search	Headquarters	Employees	Contacts
1	Ipca Laboratories Limited	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	10001+	11,063 contacts →
	Indirect evidence “A consumer-led global pharmaceutical company, creating healthy doses of life since 1949.” Source: RevenueBase Database · checked Sep 19, 2026
2	Syngene International Limited	Partial evidence	Bengaluru, IndiaHQ checked Sep 19, 2026	5,001-10,000	8,064 contacts →
	Partial evidence “Syngene International Ltd.(BSE: 539268, NSE: SYNGENE, ISIN: INE398R01022) is an integrated research, development, and manufacturing services company serving the global…” Source: RevenueBase Database · checked Sep 19, 2026
3	MSN Laboratories	Indirect evidence	Hyderabad, IndiaHQ checked Sep 19, 2026	10001+	7,225 contacts →
	Indirect evidence “MSN Group is one of the fastest-growing, research-based and fully integrated pharmaceutical companies based out of Hyderabad, India.” Source: RevenueBase Database · checked Sep 19, 2026
4	Micro Labs Limited	Partial evidence	Bengaluru, IndiaHQ checked Sep 19, 2026	10001+	4,966 contacts →
	Partial evidence “Micro Labs Limited emerges as a preeminent technology-driven healthcare entity, recognized for its cutting-edge Research and Development (R&D) and state-of-the-art…” Source: RevenueBase Database · checked Sep 19, 2026
5	Aragen Life Sciences	Indirect evidence	Hyderabad, IndiaHQ checked Sep 19, 2026	1,001-5,000	4,277 contacts →
	Indirect evidence “Aragen is a trusted R&D and manufacturing partner to the global life sciences industry.” Source: RevenueBase Database · checked Sep 19, 2026
6	Akums Drugs& Pharmaceuticals LTD	Indirect evidence	Delhi, IndiaHQ checked Sep 19, 2026	10001+	3,948 contacts →
	Indirect evidence “Akums Drugs & Pharmaceuticals Ltd.” Source: RevenueBase Database · checked Sep 19, 2026
7	Unichem Laboratories Limited	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1,001-5,000	3,901 contacts →
	Indirect evidence “Promoted by the late Mr.” Source: RevenueBase Database · checked Sep 19, 2026
8	Laurus Labs Limited	Indirect evidence	Hyderabad, IndiaHQ checked Sep 19, 2026	5,001-10,000	3,467 contacts →
	Indirect evidence “Laurus labs is an innovation-driven¸ people-centric & client-focused organization offering a broad and integrated portfolio of products & services to the global pharmaceutical…” Source: RevenueBase Database · checked Sep 19, 2026
9	Hetero Drugs LTD	Partial evidence	Hyderabad, IndiaHQ checked Sep 19, 2026	10001+	3,381 contacts →
	Partial evidence “Hetero is a research based global pharmaceutical company focused on development, manufacturing and marketing of Active Pharmaceutical Ingredients (APIs), Intermediate Chemicals &…” Source: RevenueBase Database · checked Sep 19, 2026
10	Strides	Indirect evidence	Bangalore, IndiaHQ checked Sep 19, 2026	1,001-5,000	3,240 contacts →
	Indirect evidence “Strides Pharma Science is a global pharma company headquartered in Bengaluru and a footprint across 100 countries.” Source: RevenueBase Database · checked Sep 19, 2026
11	Granules India Limited	Indirect evidence	Hyderabad, IndiaHQ checked Sep 19, 2026	5,001-10,000	3,058 contacts →
	Indirect evidence “Granules India Ltd.” Source: RevenueBase Database · checked Sep 19, 2026
12	Jubilant Biosys Limited	Partial evidence	Noida, IndiaHQ checked Sep 19, 2026	1,001-5,000	1,882 contacts →
	Partial evidence “Jubilant Biosys is an integrated Contract Research, Development and Manufacturing Organization (CRDMO) providing drug discovery, development, and GMP manufacturing services to…” Source: RevenueBase Database · checked Sep 19, 2026
13	Hetero Healthcare Limited	Indirect evidence	Hyderabad, IndiaHQ checked Sep 19, 2026	1,001-5,000	1,601 contacts →
	Indirect evidence “Hetero Healthcare Ltd is a leading Innovative Pharmaceutical Company in India, headquartered at Hyderabad.” Source: RevenueBase Database · checked Sep 19, 2026
14	Eugia Pharma Specialities LTD	Indirect evidence	Hyderabad, IndiaHQ checked Sep 19, 2026	1,001-5,000	1,502 contacts →
	Indirect evidence “Eugia Pharma Specialties Ltd, a fully integrated subsidiary of Aurobindo Pharma, specializes in general injectables and oncology, boasting a comprehensive portfolio that spans…” Source: RevenueBase Database · checked Sep 19, 2026
15	Meyer Organics Pvt. LTD	Indirect evidence	Thane (west), IndiaHQ checked Sep 19, 2026	1,001-5,000	1,458 contacts →
	Indirect evidence “MEYER Organics is one of the leading pharmaceutical manufacturer in India, founded in 1982.” Source: RevenueBase Database · checked Sep 19, 2026
16	Shilpa Medicare LTD	Indirect evidence	Raichur, IndiaHQ checked Sep 19, 2026	1,001-5,000	1,375 contacts →
	Indirect evidence “Shilpa Medicare Limited (SML) started its operations as API manufacturer way back in 1987 at Raichur, Karnataka- India.” Source: RevenueBase Database · checked Sep 19, 2026
17	Gufic Biosciences LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1,001-5,000	1,270 contacts →
	Indirect evidence “Welcome to the transformative world of GUFIC Biosciences, where a legacy of innovation, spanning over five decades, converges with an unwavering commitment to global well-being.” Source: RevenueBase Database · checked Sep 19, 2026
18	Aurigene Pharmaceutical Services Limited	Partial evidence	Bangalore, IndiaHQ checked Sep 19, 2026	501-1,000	1,092 contacts →
	Partial evidence “Aurigene Pharmaceutical Services is leading contract research, development, and manufacturing organization (CDMO).” Source: RevenueBase Database · checked Sep 19, 2026
19	TCG Lifesciences PVT LTD	Indirect evidence	Kolkata, IndiaHQ checked Sep 19, 2026	1,001-5,000	1,019 contacts →
	Indirect evidence “TCG Lifesciences Pvt.” Source: RevenueBase Database · checked Sep 19, 2026
20	Dishman Carbogen Amcis LTD	Indirect evidence	Ahmedabad, IndiaHQ checked Sep 19, 2026	1,001-5,000	966 contacts →
	Indirect evidence “Dishman is a global, dynamic group of companies offering a continuum of services to the pharmaceutical industry.” Source: RevenueBase Database · checked Sep 19, 2026
21	Eurofins Advinus	Partial evidence	Bangalore, IndiaHQ checked Sep 19, 2026	201-500	957 contacts →
	Partial evidence “Eurofins Advinus Private Limited is a premier contract research, development and manufacturing organization (CRDMO) serving diverse industries to help advance their R&D programs…” Source: RevenueBase Database · checked Sep 19, 2026
22	Marksans Pharma Ltd. - India	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1,001-5,000	947 contacts →
	Indirect evidence “Company Profile "The essence of our culture is built on meeting global standards in every aspect of our business." These envisioned words of Mr.” Source: RevenueBase Database · checked Sep 19, 2026
23	Rubicon Research Limited	Indirect evidence	Thane, IndiaHQ checked Sep 19, 2026	1,001-5,000	896 contacts →
	Indirect evidence “Rubicon Research Limited is an IP-led, pharmaceutical company focused on developing value added products for the pharmaceutical industry as well as developing a portfolio of…” Source: RevenueBase Database · checked Sep 19, 2026
24	Aizant Drug Research Solutions PVT LTD	Partial evidence	Hyderabad, IndiaHQ checked Sep 19, 2026	501-1,000	886 contacts →
	Partial evidence “Aizant® is an integrated drug development solutions provider.” Source: RevenueBase Database · checked Sep 19, 2026
25	Inventia Healthcare Limited	Partial evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1,001-5,000	877 contacts →
	Partial evidence “Inventia, established in 1985, is a privately held pharmaceutical development and manufacturing company based in Mumbai, India.” Source: RevenueBase Database · checked Sep 19, 2026

RevenueBase Smart Search

RevenueBase Smart Search assesses information from a company’s LinkedIn profile, information supplied directly by the company, its website, and other publicly available sources. It uses that information to rate how closely the company relates to this list’s category: formulation development companies. Every row carries its rating and the description the rating was read from, so each one can be checked rather than taken on trust.

Strong evidence: The company's own public description of its business names formulation development companies.
Partial evidence: Its own public description names part of formulation development companies, so it works in or next to the category without describing itself that way.
Indirect evidence: The description shown does not name formulation development companies. The match rests on the rest of the company's public profile rather than the one sentence quoted here, so this is the rating to check first.

RevenueBase Smart Search is how these lists are built: RevenueBase's data engine and AI assemble the companies that match a category defined in a user's own words, so a list can be about what companies actually do rather than about whichever industry code they were filed under.

Showing 25 of 1,204 formulation development companies based in India

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Formulation development companies based in India at a glance

As of Sep 19, 2026

9.6%Verified-email coverage

100.5Average contacts per company

11-50Median size (employees)

12.0%Largest-city concentration · Hyderabad

Sep 19, 2026Page data refreshed

Companies by employee count

1-10

261

11-50

372

51-200

304

201-500

138

501-1,000

1,001-5,000

5,001-10,000

10001+

Email recency for this list is measured worldwide rather than for India, so it is reported there. Company counts and contact totals on this page are exact for India, over 1,204 companies.

How this list was built

Company categories are rarely black and white. RevenueBase reads each company's own description of its business to decide whether it belongs among formulation development companies, so some rows will be adjacent to the category rather than pure plays. The description and RevenueBase Smart Search rating on every row are there so you can check each match yourself.

Source: The RevenueBase company graph: 60 million companies and 398.9 million professional contacts resolved from primary sources, queried with RevenueBase Smart Search, the natural-language company search available to every RevenueBase user.
What qualifies: Companies headquartered in India whose own description of what they do matches “formulation development companies”. Matching reads each company's description, not its industry code or its name.
RevenueBase Smart Search: RevenueBase Smart Search is how this list is assembled and how each row is rated. RevenueBase's data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to a category defined in a user's own words. Each row is rated strong evidence (its own description names formulation development companies), partial evidence (it names part of the category) or indirect evidence (the description shown names none of it and the match rests on the rest of the company's profile). The description supporting each rating is quoted on the row.
What we exclude: Companies whose own description does not clearly place them among formulation development companies, and records with no verified work email. Companies headquartered outside India are excluded even when they keep an office there.
Match quality: In blind human judging of this matching method, 86% of matched companies were on target. Expect roughly 1 in 7 rows to be adjacent to the category rather than a pure play. Every row shows the company's own description and its RevenueBase Smart Search rating so you can judge each match yourself. Read the full methodology: how the lists are built, how the judging worked, and what the figure means.
Ranking: Team size, largest first: companies are ordered by the number of professionals RevenueBase tracks at each one. Employee ranges shown are reported bands, for context.
Verification: Every listed company carries at least one verified work email, 11,624 across the full list. Contacts re-verify on a rolling cadence, and each contact's own verification date is shown inside RevenueBase.
Refresh: This page's figures were pulled from the company graph on September 19, 2026. Lists refresh periodically as the graph is re-checked.
Corrections: Wrong category, wrong headquarters, or a company that has closed? Use “Report an issue” on any row. Reports go to the RevenueBase Data Team and feed back into the company graph.

Formulation development companies by metro

Formulation development companies in Hyderabad145
Formulation development companies in Mumbai133
Formulation development companies in Ahmedabad103
Formulation development companies in Bangalore37
Formulation development companies in Chennai33
Formulation development companies in New Delhi33
Formulation development companies in Vadodara30
Formulation development companies in Delhi29
Formulation development companies in Navi Mumbai28
Formulation development companies in Bengaluru27
Formulation development companies in Pune27

Frequently asked

What is RevenueBase Smart Search?

RevenueBase Smart Search is how RevenueBase decides which companies belong on this list and how strongly each one fits. Its data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to the category the list is about. Each row is rated strong evidence when the company's own description names formulation development companies, partial evidence when it names part of the category, and indirect evidence when the description shown names none of it and the match rests on the rest of the company's profile.

How many formulation development companies are there based in India?

RevenueBase identified 1,204 formulation development companies headquartered in India as of September 2026, matched on each company's own description of what it does rather than its industry code.

What is the largest company on this list?

Ipca Laboratories Limited, headquartered in Mumbai, tops this list with the largest team on record.

Which city has the most formulation development companies?

Hyderabad leads with 145 headquartered companies, followed by Mumbai (133) and Ahmedabad (103).

How do I get contact information for these companies?

A free RevenueBase account lets you run this exact search and work the top results, verified emails and direct dials included. Upgrading unlocks all 11,624 verified decision-maker contacts tracked across these 1,204 companies.

How current is this list?

The list refreshes periodically as the company graph is re-checked. This page's figures were pulled on September 19, 2026.

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About this data

RevenueBase is a B2B data infrastructure company. Its company graph covers 60 million companies and 398.9 million professional contacts, with emails verified on a rolling cadence rather than scraped once and left to decay. These company lists are generated directly from that graph with RevenueBase Smart Search, the same natural-language company search every RevenueBase user has: describe a market in plain words, get the companies that match, and add verified emails and direct dials for the people at them. It is the same data that powers RevenueBase's B2B data products, and a free account includes 500 credits to start. How these lists are built and judged.